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RES-2025-051RESOLUTION NO. 2 0 2 5- 0 51 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM, CALIFORNIA, ADOPTING THE COMMUNITY FACILITIES DISTRICT NO. 08-1 (PLATINUM TRIANGLE) ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2025/26. WHEREAS, the voters of California on November 6, 1977, added Article XIII B to the State Constitution placing various limitations on the appropriations of the state and local governments; and WHEREAS, Article XIII B of the State Constitution provides that the appropriations limit for fiscal year 2025/26 is calculated by adjusting the 2024/25 fiscal appropriations limit for changes in the cost of living and population except as otherwise provided in said Article XIII B; and WHEREAS, the information necessary for making these adjustments is attached in Exhibits A through D; and WHEREAS, the City of Anaheim has complied with all the provisions of Article XIII B of the State Constitution in determining the Community Facilities District No. 08-1 (Platinum Triangle) appropriations limit for fiscal year 2025/26. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anaheim that the Community Facilities District No. 08-1 (Platinum Triangle) appropriations limit for fiscal year 2025/26 be established in the amount of $914,309,942. BE IT FURTHER RESOLVED that the City Council of the City of Anaheim, by recorded vote of the City Council adopting this resolution, hereby determines and selects that, with regard to fiscal year 2025/26 and the calculations specified herein for such fiscal year, the term "change in the cost of living" for purposes of Section 8(e)(2) of Article XIII B of the Constitution of the State of California shall mean the percentage change in the California per capita personal income from the preceding year. BE IT FURTHER RESOLVED that the City Council of the City of Anaheim, by recorded vote of the City Council adopting this resolution, hereby determines and chooses that, with regard to fiscal year 2025/26 and the calculations specified herein for such fiscal year, the term "change in population" for purposes of Article XIII B of the Constitution of the State of California and Division 9 of Article 1 of the Government Code of the State of California shall mean the change in population within the City of Anaheim. BE IT FURTHER RESOLVED that said appropriations limit herein established may be changed as deemed necessary by resolution of the City Council. THE FOREGOING RESOLUTION IS PASSED, APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ANAHEIM THIS SEVENTEENTH (17) DAY OF NNE, 2025, BY THE FOLLOWING ROLL CALL VOTE: Mayor Aitken and Council Members Meeks, Balius, AYES: Leon, Rubalcava and Kurtz NOES: None ABSENT: Council Member Maahs ABSTAIN: None CITY OF ANAHEIM o By: MAYOR OF CITY OF ANAHEIM CIT CLERK OF THE CITY OF ANAHEIM 155471 FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 08-1 (PLATINUM TRIANGLE) EXHIBIT A CALCULATIONS & COMPARISON OF APPROPRIATIONS SUBJECT TO LIMIT FY 2024/25 Adopted Appropriations Limit Adjustment Factor FY 2025/26 Appropriations Limit FY 2025/26 Appropriations Limit FY 2025/26 Appropriations Subject To Limit FY 2025/26 Appropriations Limit Margin 1.06354848 FY 2025/26 Appropriations Limit Margin, As a Percent of Limit $ 859,678,669 $ 914,309,942 $ 914,309,942 $ 1,594,600 $ 912,715,342 99.83% FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO.08-1 (PLATINUM TRIANGLE) EXHIBIT B ADJUSTMENT FACTORS POPULATION - Selected Factor: City Population Growth Population count provided by the State Finance Department 341,773 Population percent change pursuant to Sections 2227 and 2228 of the Revenue and Taxation Code PRICE FACTOR - Selected Factor: California Per Capita Personal Income Growth POPULATION AND PRICE FACTOR CONVERTED TO AN ADJUSTMENT FACTOR A) Population: Converted to a factor 0.9992 B) Price Factor: Converted to a factor 1.0644 -0.08% 6.44% Ratio of change: A x B = 1.06354848 FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 08-1 (PLATINUM TRIANGLE) Total All Revenues EXHIBIT C APPROPRIATIONS SUBJECT TO LIMIT CALCULATION $ 4,029,000 Reduce by Non -Proceeds of Taxes - $ 4,029,000 Add User Fees in Excess of Costs - 4,029,000 Add User Fees in Replacement of Taxes - 4,029,000 Subtract Debt Service Appropriations 2,434,400 $ 1,594,600 Total Revenues Available for Expenditure Appropri< $ 4,029,000 Reduce by Non -Proceeds of Taxes - $ 4,029,000 Subtract Debt Service Appropriations 2,434,400 1,594,600 Appropriations Subject to Limit $ 1,594,600 FY 2025/26 APPROPRIATIONS LIMIT COMMUNITY FACILITIES DISTRICT NO. 08-1 (PLATINUM TRIANGLE) EXHIBIT D PROCEEDS OF TAXES CALCULATION Taxes State Subventions Service Charges Permit Fees Fines and Forfeitures Rentals Sales Refunds and Reimbursements Internal Service Charges Federal and County Subventions Contributions Subtotal Interest Total Revenues Use of (Contribution to) Fund Balances Grand Total PROCEEDS NON -PROCEEDS OFTAXES OF TAXES TOTAL $ 4,019,000 $ - $ 4,019,000 $ 4,019,000 $ - $ 4,019,000 10,000 - 10,000 $ 4,029,000 $ - $ 4,029,000 $ 4,029,000 CLERK'S CERTIFICATE STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF ANAHEIM ) I, THERESA BASS, City Clerk of the City of Anaheim, do hereby certify that the foregoing is the original Resolution No. 2025-051 adopted at a regular meeting provided by law, of the Anaheim City Council held on the 17th day of June, 2025 by the following vote of the members thereof: AYES: Mayor Aitken and Council Members Meeks, Balius, Leon, Rubalcava, and Kurtz NOES: None ABSTAIN: None ABSENT: Council Member Maahs IN WITNESS WHEREOF, I have hereunto set my hand this 18th day of June, 2025. CI CLERK OF THE CITY OF ANAHEIM (SEAL)